Salomon Home Equity Loan Trust  Asset Backed Pass-Through Certificates  Series
2002-WMC1
Distribution Date:
07/25/2002
Record Date:
06/28/2002

Distribution Summary

DISTRIBUTION IN DOLLARS

                                             Prior         Pass-                                                                                    Current
                       Original              Principal     Through       Interest     Principal   Total          Deferred               Realized    Principal
Class                  Balance               Balance       Rate          Distributed  Distributed Distributed    Interest               Loss        Balance
(1)                    (2)                   (3)           (4)           (5)          (6)         (7)=(5+6)      (8)                    (9)         (10)=(3-6+8-9)

A                      202,990,000.00        195,708,925.352.215000%     361,246.06   3,980,048.984,341,295.04   0.00                   0.00        191,728,876.37

M1                     16,709,000.00         16,709,000.00 2.775000%     38,639.56    0.00        38,639.56      0.00                   0.00        16,709,000.00

M2                     13,616,000.00         13,616,000.00 3.425000%     38,862.33    0.00        38,862.33      0.00                   0.00        13,616,000.00

M3                     8,045,000.00          8,045,000.00  3.975000%     26,649.06    0.00        26,649.06      0.00                   0.00        8,045,000.00

M4                     2,475,000.00          2,475,000.00  4.325000%     8,920.31     0.00        8,920.31       0.00                   0.00        2,475,000.00

CE                     3,714,089.97          3,714,089.97  6.094211%     1,219,598.66 0.00        1,219,598.66   0.00                   0.00        3,714,089.97

P                      100.00                100.00        1.836880%     74,448.98    0.00        74,448.98      0.00                   0.00        100.00

R                      0.00                  0.00          0.000000%     0.00         0.00        0.00           0.00                   0.00        0.00

Totals                 247,549,189.97        240,268,115.32              1,768,364.96 3,980,048.985,748,413.94   0.00                   0.00        230,098,876.37

Interest Distribution
Detail

DISTRIBUTION IN DOLLARS

                       Prior                 Pass-         Optimal       Prior        Non-Recov                                                     Current
                       Principal             Through       Accrued       Unpaid       Interest    Interest       Deferred               Interest    Unpaid
                                                                                                                                        Distributed
Class                  Balance               Rate          Interest      Interest     Shortfall   Due            Interest               (9)         Interest
(1)                    (2)                   (3)           (4)           (5)          (6)         (7)=(4)+(5)-(6)(8)                                (10)=(7)-(8)-(9)

A                      195,708,925.35        2.215000%     361,246.06    0.00         0.00        361,246.06     0.00                   361,246.06  0.00

M1                     16,709,000.00         2.775000%     38,639.56     0.00         0.00        38,639.56      0.00                   38,639.56   0.00

M2                     13,616,000.00         3.425000%     38,862.33     0.00         0.00        38,862.33      0.00                   38,862.33   0.00

M3                     8,045,000.00          3.975000%     26,649.06     0.00         0.00        26,649.06      0.00                   26,649.06   0.00

M4                     2,475,000.00          4.325000%     8,920.31      0.00         0.00        8,920.31       0.00                   8,920.31    0.00

CE                     3,714,089.97          6.094211%     1,219,598.66  0.00         0.00        1,219,598.66   0.00                   1,219,598.660.00

P                      100.00                1.836880%     74,448.98     0.00         0.00        74,448.98      0.00                   74,448.98   0.00

R                      0.00                  0.000000%     0.00          0.00         0.00        0.00           0.00                   0.00        0.00

  Totals               240,268,115.32                      1,768,364.96  0.00         0.00        1,768,364.96   0.00                   1,768,364.960.00

Principal Distribution
Detail

DISTRIBUTION IN DOLLARS

                                             Prior                                    Current     Current        Current                Cumulative
                       Original              Principal     Principal     Accreted     Realized    Principal      Principal              Realized
Class                  Balance               Balance       Distribution  Principal    Losses      Recoveries     Balance                Losses
(1)                    (2)                   (3)           (4)           (5)          (6)         (7)            (8)=(3)-(4)+(5)-(6)+(7)(9)

A                      202,990,000.00        195,708,925.353,980,048.98  0.00         0.00        0.00           191,728,876.37         0.00

M1                     16,709,000.00         16,709,000.00 0.00          0.00         0.00        0.00           16,709,000.00          0.00

M2                     13,616,000.00         13,616,000.00 0.00          0.00         0.00        0.00           13,616,000.00          0.00

M3                     8,045,000.00          8,045,000.00  0.00          0.00         0.00        0.00           8,045,000.00           0.00

M4                     2,475,000.00          2,475,000.00  0.00          0.00         0.00        0.00           2,475,000.00           0.00

CE                     3,714,089.97          3,714,089.97  0.00          0.00         0.00        0.00           3,714,089.97           0.00

P                      100.00                100.00        0.00          0.00         0.00        0.00           100.00                 0.00

R                      0.00                  0.00          0.00          0.00         0.00        0.00           0.00                   0.00

  Totals               243,835,000.00        240,268,115.323,980,048.98  474,317.32   3,980,048.980.00           236,288,066.34         0.00

Collateral Summary

GROUP 1 CHARACTERISTICS

                       Cut-Off               Prior         Current

Aggregate Stated
Principal Balance      247,549,189.97        240,268,115.32236,288,066.34

Loan Count             1,476                 1,439         1,423

Weighted Average Coupon
Rate (WAC)             9.048883%             9.028597%     N/A

Net Weighted Average
Coupon Rate (Net WAC)  8.531383%             8.511097%     N/A

Weighted Average
Maturity (WAM in       357                   352           351
months)

AVAILABLE INTEREST

Scheduled Principal    146,420.52
Prepayments in Full    3,551,370.14
Curtailments           3,507.59
Scheduled Interest     1,807,736.72
Net Liquidation
Proceeds               0.00
Insurance Principal    0.00
Repurchased Principal  278,741.27
Less:                  Servicing Fees        100,111.71

TOTAL AVAILABLE
PRINCIPAL              3,980,039.34
Trustee Fees           3,503.93

Uncompensated PPIS     0.00
Cumulative Realized
Losses                 0.00
Relief Act Shortfall   605.10

Other Interest
Reductions             0.00

TOTAL AVAILABLE
INTEREST               1,703,515.98

Delinquency Information

 GROUP 1

                       30-59 Days            60-89 Days    90+ Days      Totals

Delinquency

Scheduled Principal
Balance                7,240,274.73          3,418,464.79  3,383,674.17  14,042,413.69
Percentage of Total
Pool Balance           3.0642%               1.4467%       1.4320%       5.9429%
Number of Loans        41                    21            15            77
Percentage of Total
Loans                  2.8812%               1.4758%       1.0541%       5.4111%

Foreclosure

Scheduled Principal
Balance                0.00                  567,412.48    8,656,544.09  9,223,956.57
Percentage of Total
Pool Balance           0.0000%               0.2401%       3.6636%       3.9037%
Number of Loans        0                     4             42            46
Percentage of Total
Loans                  0.0000%               0.2811%       2.9515%       3.2326%

Bankruptcy

Scheduled Principal
Balance                0.00                  0.00          308,152.58    308,152.58
Percentage of Total
Pool Balance           0.0000%               0.0000%       0.1304%       0.1304%
Number of Loans        0                     0             4             4
Percentage of Total
Loans                  0.0000%               0.0000%       0.2811%       0.2811%

REO

Scheduled Principal
Balance                0.00                  0.00          582,680.86    582,680.86
Percentage of Total
Pool Balance           0.0000%               0.0000%       0.2466%       0.2466%
Number of Loans        0                     0             3             3
Percentage of Total
Loans                  0.0000%               0.0000%       0.2108%       0.2108%

Total

Scheduled Principal
Balance                7,240,274.73          3,985,877.27  12,931,051.70 24,157,203.70
Percentage of Total
Pool Balance           3.3108%               1.6869%       5.4726%       10.2236%
Number of Loans        41                    25            64            130
Percentage of Total
Loans                  3.0921%               1.7569%       4.4975%       9.1356%

Principal and Interest
Advances               2,841,971.85

Credit Enhancement

GROUP 1

Required Overcollateralization Amount        3,714,089.97  1.5718%
Prior Overcollateralization Amount           3,714,089.97  1.5458%
Overcollateralization
Deficiency Amount      0.00
Excess
Overcollateralization  0.00
Amount

Excess Spread Available
for O/C Deficiency     1,229,803.76
Overcollateralization
Increase Amount        0.00
Overcollateralization
Reduction Amount       0.00

Current
Overcollateralization                        3,714,089.97  1.5718%

Credit Enhancement
Percentage             18.8580%

Other Information

A Next Pass-Through
Rate                   2.215000%
M1 Next Pass-Through
Rate                   2.775000%
M2 Next Pass-Through
Rate                   3.425000%
M3 Next Pass-Through
Rate                   3.975000%
M4 Next Pass-Through
Rate                   4.325000%

CE Prior Notional
Amount                 240,268,115.32
CE Current Notional
Amount                 236,288,066.34
CE Notional Certificate
Factor                 95.450955%

Prepayment Penalties
paid to Class P        74,448.98

Special Servicing Fee  9,600.00

Bankruptcy Losses      0.00

Extraordinary Trust
Fund Expenses          0.00

CONTACT INFORMATION    CONTENTS

Distribution Summary   2
                       Salomon Brothers
Depositor              Mortgage Securities
                       VII, Inc.
390 Greenwich Street
Distribution Summary
(Factors)              2
New York, NY  10013

Interest Distribution  2
390 Greenwich Street

Principal Distribution 2

Servicer               Litton Loan Servicing
                       LP
Collateral Summary     2

Houston, TX  77056
Delinquency Information2
Trustee                U.S. Bank National
                       Association
180 East Fifth Street
Credit Enhancement     2
St. Paul, MN  55101

Other Information      2
111 Wall Street

New York, NY  10005

Deal Contact:          Karen Schluter        Citibank, N.A.
karen.schluter@citi.com                      Agency and
                                             Trust
                                             111 Wall
Tel: (212) 657-7781                          Street, 14th
                                             Floor, Zone 3
Fax: (212) 657-4009                          New York, NY
                                             10005

Page 1 of 1             Reports Available at (c) Copyright
                       www.sf.citidirect.com 2002 Citibank

SALOMON BROS MORT SEC VII SAL HOME EQU LN TR SER 2002 WMC1 8-K